Report

Australia: Pulse - How Tight is Tight - Perth December 2010

The Perth CBD office market is in the midst of yet another mining boom. Previous growth periods were followed by strong corrections, with vacancy rates rising well above long term averages, rents falling and demand disappearing. However, this time around has been vastly different with a vacancy rate of 7.9% (30 year average of 11.7%). Demand has recovered with record net absorption expected in 2010.